-IndiaSpend Agro-companies growing crops are allowed the same tax relief as individuals in states levying no agricultural income tax Mt Abu: It’s reasonably well known that income from agriculture attracts no tax in India. What isn’t quite as well known is that of more than 400,000 taxpayers claiming exemption for agricultural income in the assessment year 2014-15, the biggest were seed giant Kaveri Seeds—it claimed Rs 186.63 crore exemption and made a profit...
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Impending rains pose a risk to rabi harvest -Nikita Mehta & Sayantan Bera
-Livemint.com The rainfall which is expected to hit the states between 11 and 15 March will be caused by an intense western disturbance currently lying over Iran New Delhi: After two back-to-back deficient monsoons and a warm and dry winter, India Meteorological Department has warned of heavy unseasonal rain and hailstorm in 14 Indian states, which could pose as a threat to the Rabi harvest. The rainfall which is expected to hit...
More »How to double Farmers' income in seven years
-MoneyLife.in Doubling of Farmers' incomes will require large-scale changes in the output that India currently produces and how it goes about producing it. India will gain massively by shifting focus to pulses and horticulture and by moving people out of agriculture, says a report Prime Minister Narendra Modi on Wednesday strongly defended his government's ambitious promise to double Farmers' income in five years that was doubted by the opposition. He said the...
More »The case of missing bulls in India -Roshan Kishore
-Livemint.com As the country still continues to debate the beef ban and its impact on agrarian distress, data shows that what’s really being hit is the sex ratio of the bovine population New Delhi: Bulls are missing, both in India’s equity markets and in its fields. As the country still continues to debate the beef ban and its impact on agrarian distress, data shows that what’s really being hit is the...
More »Why should we not revoke Bollgard II patent, Centre asks Mahyco Monsanto -KV Kurmanath
-The Hindu Business Line Govt acts on a letter from Farmers’ union on bollworm developing resistance to technology Hyderabad: Even as it announced a nation-wide uniform price for cottonseed for the upcoming kharif season, the Union government has asked Mahyco Monsanto Biotech (India) Limited why it should not revoke the patent it granted for the Bollgard II technology. The Department of Industry Policy and Promotion (DIPP) has served a show cause notice to...
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